You gotta love it.
Thousands of visitors per day and I don’t get a single comment / opinion / view on the recent “Trump and the U.S Dollar” post. Not a single one. All the while dorks with nothing better to do, actually take the time to comment / call me out – insinuating that I’m NOT in Cabo ( actually now at the all inclusive Barcelo in San Jose Del Cabo ) and that for whatever reason…..I’m lying about it. Again you gotta love it.
American Gorilla
Every red blooded American has a view on Trump ( good or bad ) as I see them here…flocking to the televisions like bands of hypno-rats…arguing about the colour of his tie and wether or not Melania has fake breasts. Deep man. Deep.
I find it absolutely fascinating that people who likely consider themselves pretty damn smart, have absolutely no clue how the value of the world’s most widely held / reserve currency might affect their investments / lives / future. No clue.
What’s that Kong? You bashing my U.S Dollar? Fork you dude….that’s ‘Merica you talkin ’bout! My American Dollar! Mine ya’ll! Mine!
purchasing-power-of-dollar-chart-2015
Go stuff yourself. This is a currency trading blog people. Check yer ego’s and hand guns at the door please.
In any case….perhaps some casual reading over the weekend.
http://www.zerohedge.com/article/history-worlds-reserve-currency-ancient-greece-today
https://www.thebalance.com/what-is-a-reserve-currency-1978926
I am “officially” on holidays.
While Trump would clearly need a weak dollar to execute on his vision, you’ve got a potential adversarial Fed and also an impending economic collapse that, if the past is any indication, could lead to significant dollar appreciation.
Fundamentally, we know the dollar is TP for bungholes (all praise and honor be to The Great Cornholio). I don’t think the type of Americans reading your blog necessarily take the “‘Murica F%*k yeah” approach to the USD, they just remember how perverse our financial system is and how profoundly TPTB can goose the numbers…
Excellent insight….great points.
Perhaps I’ve become a tad too cynical over the years but…..I’m sticking with 95% of human beings don’t have a clue.
They sure are good at killing one another though.Stealing each others shit then complaining about it. Oops…..there goes the cynicism again.
On my home planet we try our best to help one another out. There is no currency.
Purple bananas and stellar babes.
Sounds like heaven, Kong! Until then, we are left with a cycle or continuation of historical phenomena that increase with intensity, scale and consequence. If we are approaching “the one,” may the strongest or most insulated Kong survive – the USD won’t matter anyway. If not, hopefully we can stack more bananas and babes to insulate ourselves from the next iteration 😉
What are the alternatives ? Some Zimbabwe dollars ? South of the US border, do you really trust your Government, same with Africa and India. Gold and Chf left if you think the USD is hopelessly overvalued. Folks must love losing money eg buying power, just look at German 30 year yields.. unbelieveable. I guess it will go on like this for a very long time. That beeing said, there is really not a lot of gold around per global citizen. In the 70’es Asians were pore like hell.., silver 200 and gold 5000. I easyli see that case come true. Enjoy yr holiday.
Thank you Peter.
It’s a little outta wack here to say the least.
Real gold vs the number of “fake ounces being traded via ETF’s etc” / Central Banks part in it…and a contracting global economy? ( expanding yet contracting – go figure ) with India and China’s population really just coming online.
Crazy crazy humans. Crazy planet. Crazy world.
I’m gonna just stick to trading it….and generally – party like there is no tomorrow. It’s been working for me thus far!
Holy Shit that line chart of the purchasing power of the us dollar is a real eye opener….. You can see what is going down here and its the us dollar….. And then going through the zero hedge article about the history of reserve currencies is another eye opener. With the us dollar demise would china be a major player in becoming the new reserve?
Also their is alot of movement with china being added to the reserve currency basket, so are the wheels in motion? Look at the south china sea, china buying up all real estate in most counrties, also china manipulating the yuan…
I agree it is all under way and changing
Just to confirm – you see your refund there in Payal Tas? Should be there….
Otherwise ya….the U.S Dollar has already lost it’s spot “in theory” as BRIC bank ( please go look it up / read ) puts the two largest / fastest growing economies on Earth ( India and China ) in the race.
China now making their move…with gold reserves and addition of Renminbi to IMF special drawing rights (SDR) and the boys here in the West “ain’t too thrilled”. All China has to do now is dump U.S Dollars and Bonds to put the final nail in the coffin as they already own The United States.
Get this…..I have a friend /contact in China working in the banking system..suggesting that when “it happens” the Chinese have “literally” miles n miles of warewhouses stuffed with U.S Dollars and bonds.
They just plan to burn them down. The currency being essentially worthless. The boys in China have such long term plans…such foresight…such “big / smart plans and ideas” as this has been in motion for so long now….China bought The U.S many years ago…the scary part comes when they decide to sell.
And they WILL sell.
Non-glamorous US cities are now being overrun with Mainland money. Many young families are either renting or buying high-end condos in large numbers, even before securing a job or seat in school. The Chinese already own a significant portion of critical US infrastructure. Wonder if the PRC sees this mass migration as a good or bad thing? The Chinese seem to be a much more rational and pragmatic people than the Americans. It’s a wild thought, but maybe they are being imported on purpose as a third-parry occupying force to quell the inevitable rebellion?
Absolutely love your thinking….as ( in my view ) you are spot on.
A heretic here in the West but…….I love the Chinese and so respect the vision and the planning, but fully understand the viewing audience here would gut me for waving a Chinese flag. Blasphamy.
Humans are nuts. It’s a planet among many.
Globalization can’t happen fast enough for me…it’s the only way humanity can progress.
What I find fascinating is how the Chinese have pivoted the largest internal fiat debt bubble of all time into acquisitions of hard assets all over the world. Externally, they are a massive creditor. Funny thing is, if their debtors default, they still have hard assets. What do the Americans have other than their military and dollar?
If TPTB plan on importing an occupying force to mainland USA, things will get ugly. If that’s how globalization plays out, I want no parts of it. If globalization means systems are decentralized and forced to compete on their merits without the threat of force, then count me in.
Fuck me, yeah i heard about brics, i see it here in Australia that the government has been very pro china ever, i thought it was just because they bought shit loads of our resources, minerals etc… But so much bigger than that …
Really looks like trump has his hands tied, what a fucking mess goverments create, we are in the shit here also Australia, no long term plan. Scary
Yes mate got the Refund, cant wait to see what you have in store for us with the new membership…
Thanks for your reply
Awesome Tas – ya……this is big picture shit to say the least.
China’s planning and commitment is unparalleled. Trump is Trump….but as I suggested a few posts ago.. no “president” ( and I do use the term loosely ) can change this..or even make a dent in it. It’s just too macro / huge.
Rock n roll.